GE Vernova to Lose $300M, EU Companies Leave Vietnam

GE Vernova's CEO, Scott Straszak, announced at a conference that the company is on schedule to lose about $300 million in Q3. It seems the blade failures at Dogger Bank and Vineyard Wind are resulting in a big chunk of these losses. And many European companies have decided to leave Vietnam due to the country's relationship to China. Register to attend AMI's Wind Turbine Blades Boston, October 2nd and 3rd. Enter to win 2 VIP NASCAR pit passes at the Kansas Motor Speedway! Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Philip Totaro: Phil, you were just at RE+ in Anaheim, sunny Anaheim. How'd it go? I was extremely sunny and face meltingly hot on the first couple of days from the heat wave we've had in California. It was like a hundred and three degrees on Monday and then it started cooling off thankfully more recently, but there were, I don't know the official number but they were telling me it was close to 40, 000 attendees. So I've done a few of these events before in at the Anaheim Convention Center, if you're familiar with it. It can hold that capacity, but it was absolutely bursting at the seams. And people absolutely everywhere. I've never seen that so jam packed. The interesting thing about it is there were many different exhibitors there. But the overwhelming majority of them seemed like they were supply chain companies. Which was a little disappointing on my part. I was, I was there to try to talk to project developers and financiers anyway. But the supply chain companies that were there covering the spectrum of both residential and utility scale solar, as well as battery storage technology, really interesting stuff. There's some, they're making great strides in some of the solar module manufacturing and sell. Technology and even some of the packaging and integration is getting pretty slick. Keep in mind, too, that, CAPEX for solar compared to wind is still You know what about 15 to 20 percent lower at this point? Especially in the U. S. market anyway so you're seeing, it's rather substantial amount of interest at this point in solar and hybrid battery storage projects. And everybody that was there, the energy of the event was good. We didn't sadly do an uptime wind energy podcast there. So they're a little light on the the wind energy content that, that the, rebranded solar Power International re, which is now repl, but we hope to be able to address that in the future. Allen Hall: It's a sunny conference for our solar and battery festival, which is really what it is. Makes sense. I just wish when we get to some of our wind conferences, we're in places that are windy. We don't tend to go to places that are windy, like Kansas or Oklahoma. Philip Totaro: I got news for you. It seems like next year we're gonna be in Phoenix Arizona, right? So that, that's gonna be hot and maybe a little miserable, cause I think it's happening in May. Allen Hall: Yeah, we're in a solar hotbed. We should be at a wind site. I know, irony. I'm Alan Hall, and I'll be joined by the rest of the Uptime hosts after these news headlines. The United States is seeing significant growth in offshore wind development. Massachusetts and Rhode Island are moving forward with three offshore wind projects totaling 2. 9 gigawatts. The projects, named South Coast Wind, New England Wind 1, and Vineyard Wind 2, are expected to power approximately 1. 6 million homes.